Question: Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Half of each month's sales are




Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Half of each month's sales are on account. March sales amounted to $204,000. 60% of credit sales is collected in the month of sale; 40% is collected in the following month. May June April 272,000 Sales $ s 204 000 Cash receipts: From cash sales 154 200 From sales on account 115,600 Total cash receipts Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. & eruo is the European currency. 648,000 272.000 Accounts payable, 12/31/0 Purchase of goods and services on account during 20x1 Payments of accounts payable during 20x1 Accounts payable, 12/31/X1 864.000 Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. #Yen is the Japanese national currency. co Accounts receivable, 12/31/20 Sales on account during 20x1 Collections of accounts receivable during 20x1 Accounts receivable, 12/31/X1 1,860,000 t 4.692,000 (4,028,000) Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. $ Accumulated depreciation, 12/31/XO Depreciation expense during 20x1 Accumulated depreciation, 12/31/x1 421,000 83,000 Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. S 1,548,700 304,800 Retained earnings, 12/31/x0 Net income for 20x1 Dividends paid in 20x1 Retained earnings, 12/31/X1 0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
